Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables provide the financial assets and financial liabilities carried at fair value measured on a recurring basis:

June 30, 2021	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	22	$	—	$	—	$	22
Interest rate swap (2)	—		8,082		—		8,082
Total assets	$	22	$	8,082	$	—	$	8,104
Liabilities:
Acquisition contingent consideration (3)	$	—	$	—	$	8,728	$	8,728
Deferred compensation plan (4)	2,777		—		—		2,777
Cash-settled equity awards (5)	699		—		—		699
Total liabilities	$	3,476	$	—	$	8,728	$	12,204

December 31, 2020	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	34,696	$	—	$	—	$	34,696
Interest rate swap (2)	—		347		—		347
Total assets	$	34,696	$	347	$	—	$	35,043
Liabilities:
Acquisition contingent consideration (3)	$	—	$	—	$	4,299	$	4,299
Deferred compensation plan (4)	2,591		—		—		2,591
Cash-settled equity awards (5)	195		—		—		195
Total liabilities	$	2,786	$	—	$	4,299	$	7,085

(1)Included in Cash and cash equivalents in the consolidated balance sheets.

(2)Included in Other assets in the consolidated balance sheets.

(3)Included in Other liabilities, except for current liabilities of $6,561 and $2,884 as of June 30, 2021 and December 31, 2020, respectively, which are included in Accruals and other current liabilities in the consolidated balance sheets. Acquisition contingent consideration liability is measured at fair value and is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions the Company believes would be made by a market participant.

(4)Included in Other liabilities, except for current liabilities of $201 and $169 as of June 30, 2021 and December 31, 2020, respectively, which are included in Accruals and other current liabilities in the consolidated balance sheets.

(5)Included in Accruals and other current liabilities in the consolidated balance sheets.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table is a reconciliation of the changes in fair value of the Company’s financial liabilities which have been classified as Level 3 in the fair value hierarchy.

	Six Months Ended		Year Ended
	June 30, 2021		December 31, 2020
Balance, beginning of year	$	4,299	$	6,599
Payments	(544)		(3,425)
Addition	4,991		2,380
Change in fair value	—		(1,340)
Foreign currency translation adjustments	(18)		85
Balance, end of period	$	8,728	$	4,299

Schedule of Interest Rate Derivatives

The following is a summary of the interest rate swap activity and the location the activity is recognized in the consolidated statements of operations:

	Three Months Ended				Six Months Ended
	June 30,				June 30,				Recognized in Consolidated
	2021		2020		2021		2020		Statements of Operations
Interest rate swap:
(Loss) gain from change in fair value	$	(5,926)	$	(4,174)	$	7,735	$	(4,174)	Other (expense) income, net
Payments	316		110		617		110		Interest expense, net